JobsOhio

JobsOhio is focused on driving private sector job creation and capital investment in the state of Ohio. Our goal is to lead the nation in this effort.

JobsOhio's leadership team, with over 200 years of industry experience, leverage business relationships to foster growth in the state. Through the JobsOhio model those relationships are built for long term and consistency.

Driven by a private-funding stream from spirituous liquor sales in the state of Ohio, JobsOhio leverages this funding to support loans and grants to companies with a focus on return on investment.

JobsOhio is led by a board of directors composed of nine proven leaders from some of America's most successful organizations. Their broad experience in management, fiscal responsibility and corporate governance, as well as their diverse perspectives and relevant industry experience, benefit JobsOhio in its mission to drive job creation and capital investment in Ohio.

In 2022, JobsOhio had another remarkable year. We executed hundreds of economic development deals that attracted, retained, or expanded 296 projects in our state.
• The agreements generated commitments of more than 26,000 jobs and secured a record-setting $1.8 billion in payroll and a high of $31.5 billion in new capital investment.
• Between year-end 2010 and Q3 2022, Ohio ranked 8th in employment growth and 21st in growth rate (20.2%) across targeted industries. Leading the way are industries such as logistics, information technology, healthcare, and financial services. During that time period, Ohio has added 203,000 jobs in targeted industries as sector, regional, and local partners continue to compete aggressively for attraction, expansion, and retention projects.

In 2022, JobsOhio posted 296 project wins. Some highlights include:
• Committed corporate capital project investments reached an astounding $30.87 billion, tripling the previous record of $9.56 billion set in 2017.
• Projects will create 26,323 new jobs, a total second only to the record 29,000 jobs secured in 2021.
• New jobs committed in 2022 are higher paying and will generate a record $1.84 billion in new payrolls, which will deliver a record $954 million in new annual payroll tax receipts to the Ohio treasury.
• Ohio jumped from #11 to #2 nationally in megaproject impact, securing four megaprojects, including Intel, Ford, Honda/LG Energy Solution, and Medpace.
• Ohio is now the top-ranked state in the Midwest for Foreign Direct Investments (FDI) after winning record-setting capital commitments in 2022, which brought in a record number of jobs

Since 2019
• project wins are up 12%
• new job generation jumped 7% (to 97,218)
• new capital investments soared by 76% (to $53 billion)
• new payroll grew 30% (to $5.6 billion) as compared to the 2015 – 2018 period.
Moreover, the value of JobsOhio projects continues to return more payroll tax to the state per incentive dollar than ever before, driving Return on Investment (ROI) to record levels. In fact, the net present value earned for Ohio per each JobsOhio full-time employee surged from $3.1 million in 2018 to $6.7 million in 2022.

Ohio has one of the most diverse state economies in the U.S. and is diversifying at a faster pace than the rest of the Midwest, making it better positioned to weather economic headwinds. The capital investments secured in 2022 accelerated this trend, and more opportunities are coming. Currently, more than one dozen megaprojects (as of May 2023) are in active discussions, marking a 700% increase compared to JobsOhio’s annualized average. Four of these projects could bring more than 1,000 jobs
each, and our pipeline of other significant projects continues to expand.